TechTaffy

tech:

taffy

Verizon acquires connected intelligence company Telogis

By TechTaffy Desk

Verizon has signed an agreement to purchase privately-held Telogis. The Aliso Viejo, California-based company provides connected intelligence and fleet management software.

The acquisition is subject to customary regulatory approvals and is expected to close in the second half of 2016. Terms of the transaction have not been disclosed.

PJT Partners and Wells Fargo Securities acted as financial advisors and Debevoise & Plimpton acted as legal advisor to Verizon. Barclays and J.P. Morgan acted as financial advisors and Paul Hastings acted as legal advisor to Telogis.

Telogis was established in 2001 and has offices in Europe, Australia and Latin America as well as development centers in Austin, Texas; Toronto; and Christchurch, New Zealand. The company’s products and services are used and distributed in more than 100 countries worldwide, according to a statement from Verizon.

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.